Finance - News

MetOcean Telematics (MetOcean) is pleased to announce Geoffrey Creighton has joined the MetOcean Telematics team as the Director of Marketing and Communications. Reporting directly to Tony Chedrawy, Geoff is responsible for the development and implementation of their global marketing efforts across all business units. He will develop innovative marketing strategies to refine the company’s image, support customer education, and further promote the attraction and retention of customers. Ex...

The global trade and the customers’ needs have always been a benchmark for Blue Water Shipping. For this reason, the company has opened two new offices in Istanbul and Izmir, Turkiye. Both offices will offer a wide range of transport and logistics solutions, including Sea, Rail, Air, combined Sea & Air, Road Solutions as well as Courier & Parcel services. Furthermore, a dedicated team will handle Fair & Exhibitions logistics, while another local team of specialists will handle...

The tender has been awarded to the firm COMSA S.A.U. for a value of 5,523,650 euros. The works will begin in the last quarter of this year and have a completion period of 12 months. The Port Authority of Valencia (APV) takes a further step in the port-city integration which will allow the use of this area by the citizens. A further step in the commitment of the Port Authority of Valencia (PAV) to the Sagunto town council and its neighbours in the port-city integration. Valencia port has awarde...

Friday was the closing day of the 30th SMM which took place on Hamburg’s exhibition campus from 6 to 9 September. During the anniversary edition of the flagship fair the maritime industry demonstrated its commitment to tackling the energy transition. Organisers, exhibitors and trade visitors alike delivered a positive summary of the event. The enthusiasm was palpable. After a four-year wait, the international maritime community was finally able to meet for a physical SMM in Hamburg again:...

SCH and sister company - CPS will be joining the leading lights of the cruise industry, as they assemble in Malaga, Spain, for Seatrade Cruise Mediterranean this week. They will be among some 200 cruise line representatives, plus 160 ports, destinations and suppliers, who will attend the two-day conference and exhibition. Over 3,000 visitors are expected to attend from more than 70 countries. Focus on the future direction of the cruise industry The focus will be on the state of the industry,...

SBM Offshore and Imodco are delighted to announce that the Imodco Ammonia CALM Terminal has been awarded Approval in Principle (AiP) by DNV. As part of the SBM Offshore Group, and based on more than 65 years of offshore Terminal expertise, IMODCO’s new Ammonia CALM Terminal is an exciting adaptation of existing market-renowned CALM technology to meet the new requirements of Ammonia.  Green Ammonia Green Ammonia is an exciting solution within the new energy mix, but one which also p...

A Safety Award was presented by Thomas Bek, COO of Energy, Ports, and Projects, Blue Water recently. It was awarded to Victor Pay, Transport & Field Operations Manager from the Technical Engineering Department, Blue Water Singapore for his remarkable excellence towards HSSEQ (Health, Safety, Security, Environment & Quality) stopping the job before it was handed to Blue Water’s scope of work. Factory operations  Victor Pay was supervising a lifting operation remotely fr...

Zero Emission Industries (ZEI), a globally renowned hydrogen technology company for maritime, has announced the first close of its Series A funding round. The round is led by Chevron New Energies, with additional investment from U.S.A-based shipping and logistics company, Crowley. The new funds are expected to enable Zero Emission Industries to roll out their next generation fully integrated marine power system and scale quickly, in order to meet the demand within the maritime industry for thei...

The ports of Singapore, Hamburg, Rotterdam, Antwerp, Barcelona, Gothenburg, and Montreal came together at Tanger Med to intensify close collaboration and discuss common projects related to port operations topics and innovations. Addressing the challenges The meeting succeeded in elevating the ongoing, fruitful dialogue to the next level. The participants focused on a range of common port issues, such as new technologies and innovations that drive daily port operations. These included digita...

Rolls-Royce is setting another milestone on the road to climate-neutral shipping with the approval of its Series 2000 and Series 4000 mtu marine diesel engines in 2023 for use with sustainable fuels. Following successful bench and field tests, the Rolls-Royce business unit Power Systems will gradually be approving its Series 2000 and Series 4000 mtu marine engines for EN15940 synthetic diesel fuels from the beginning of 2023. Sustainable fuels These fuels include the sustainable fuels - BtL (...

PD Ports has been announced as a Bronze Sponsor for Maritime UK Week. Starting on 10 October, Maritime UK Week 2022 will shine a spotlight on the latest developments in the maritime sector and engage people across the United Kingdom (UK) with the world of maritime. Responsible for enabling 95% of the UK’s global trade, maritime touches every part of people’s lives. As an island nation, during the COVID-19 pandemic, the maritime sector’s key workers kept the UK supplied with fo...

Teknotherm is pleased to announce that the company has received an order from Cemre Shipyard for the delivery of complete HVAC system, for their zero emission electric ferry to be built for Torghatten Nord AS. The vessel is designed by Norwegian Ship Design and will be operated in route Bognes – Lødingen, which is located in the Northern part of Norway. It is the longest crossing route in Norway, with the largest battery package eve installed to zero emission passenger and car ferr...

When established in 1971, Stromme became the first specialised cargo hold cleaning company in the marine industry. Today, the company is the foremost player with extensive specialised experience within their field, providing customers with high quality solutions and innovations for cargo hold cleaning. Stromme's transfer Stromme will now transfer all of its people, business and assets into Wilhelmsen Ships Service. Stromme will further retain its brand and operate as a fully owned subsidiary...

The Nigerian Maritime Administration and Safety Agency (NIMASA) launched the electronic registration platform for maritime labour and the issuance of Biometric Identity Cards to Dockworkers. E-platform The Agency’s Director General Dr. Bashir Jamoh described the e-platform as a significant step towards attaining full automation of all its processes adding that it was conceived out of the need to establish an independent, robust, integrated information, verification, and communication pla...

The SMM International Maritime Trade Fair in Hamburg is the largest maritime industry trade fair and is considered the most important global maritime industry event. It gathers more than 2,200 companies from almost 70 countries, attracting more than 50,000 visitors from all over the world. It is a pioneer fair of the maritime economy. SAIM Marine and QS Seamaster thrusters will be there from September 6 to 9 - Hall B3 - OG Stand 128.

Mitsubishi Shipbuilding Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL) have announced the acquisition of Approval in Principle (AiP) for their jointly developed liquefied CO2 (LCO2) carrier from the Norwegian classification society, Det Norske Veritas AS (DNV). The presentation ceremony took place on September 5, 2022 at Fiera Milano, the venue of Gastech 2022, a major international conference on global energy and environmental issues, including natural gas, LNG, and hydrogen, held in Milan, Ita...

The first-ever direct container service connecting China and Scotland has berthed at Greenock Ocean Terminal after its maiden voyage – as it gets set to transport over one million bottles of whisky to the Far East. The new east and west bound freight route from Ningbo, China, arrived for the first time at Scotland’s deepest container terminal on Saturday morning at 9.35 am. Partnership and service The service – a partnership between KC Liner Agencies, DKT Allseas and China X...

The CULINES 190TEU container new building “CUL BANGKOK”, was successfully named and delivered at CSSC Whampoa Wenchong Shipyard Guangzhou South Salon point factory. In the ceremony, CULINES mainly invited representatives from cargo owners, merchants, e-commerce logistics, and shipping agencies to witness. Attendees at the ceremony Ms. Li Bin, CEO of Midea Group international logistics sharing platform, named and cut the ribbon for the new building as the godmother. Mr. Chunsen Z...

The acquisition process has now been finalised and Unifeeder becomes part of the DP World Group. They have the pleasure to announce that the acquisition process, which has been initiated in the summer of 2018 has finally come to a close. Unifeeder Group is now part of the DP World Group, an enabler of global trade and an integral part of the supply chain. Sustainable shareholder value They are excited to become part of a company that shares the Unifeeder’s vision of serving the customer...

The Port of Valencia has consolidated its position as the foremost connected port in the Mediterranean according to the Port liner shipping connectivity index (LSCI) prepared by the United Nations Conference on Trade and Development (UNCTAD) and is in 20th position worldwide in the second quarter of the year in terms of connectivity. A position that reinforces Valenciaport as a benchmark for improving the competitiveness and opportunities of Spanish import/export companies. Maritime connectivit...

In the last 12 months, the Port Authority of Valencia (APV) has managed 3,004 containers with shoes destined for 71 countries around the world. The maritime connectivity of Valenciaport allows the footwear industry a greater participation in international trade. America (USA) is the main importer of Valencian and Spanish shoes. Greater maritime connectivity Every day, four containers leave the Valencian docks for 17 American countries. The United States of America (USA) and Mexico lead the ra...

The San Pedro Bay ports of Long Beach and Los Angeles will postpone consideration of the 'Container Dwell Fee' for four weeks, until Sept. 23, 2022. Since the programme was announced on Oct. 25, 2021, the two ports have seen a combined decline of 46% in aging cargo on the docks.  The executive directors of both ports will reassess fee implementation after monitoring data over the next month. Fee implementation has been postponed by both ports since the start of the program. The Long Beach...

The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3 700 more expensive for shipping 40’ containers from the Far East to the South American East Coast compared to the West Coast corridor. This huge gap – the norm is usually around a USD 55 East Coast premium – has opened up since 1 July. However, shippers looking to take advantage of the disparity should move quickly, Xeneta warns, as it may begin to narrow across August and September. Si...

While spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route. According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from shippers, the average 40’ HC reefer spot rate stood at a mighty US$ 5230 for the trade on 23 August, compared to dry standard FEUs at US$ 980. At this point, two ye...

The San Pedro Bay ports of Long Beach and Los Angeles have released a final report on the current state and overall feasibility of using clean cargo-handling equipment technology, while working toward the 2017 Clean Air Action Plan (CAAP) Update’s 2030 goal of a zero-emissions cargo-handling fleet. The ports released a draft assessment in March 2022 for public review and comment. It built upon the inaugural 2018 assessment and examined the current state of technology, operational characte...

MAN Engines is focusing on sustainable propulsion solutions at SMM 2022 and is presenting two ways of reducing CO2 emissions for workboats. The MAN Smart HYBRID Experience enables sailing and anchoring without any emissions, and with the dual fuel engine, exhaust emissions can be noticeably reduced when operating on hydrogen. “Our goal is to support our customers with environmentally friendly drives. MAN Engines offers a wide range of solutions for this,” states Mikael Lindner, the...

P&O Maritime Logistics will help debottleneck customer supply chains by ensuring there is a faster cargo turnaround, enabled by the company’s unique and recently modified Multi Carrying Vessels (MCVs) that can carry containerised cargo. In partnership with Unifeeder, P&O Maritime Logistics will increase connectivity across the Red Sea between the Port of Jeddah and Port Sudan. MCV line As a “micro” feeder, the new MCV line has the unique ability to bypass con...

Tokyo - ClassNK has issued an Approval in Principle (AiP) for design of a large-scale liquefied carbon dioxide (CO2) carrier developed through Research and Development Project from NEDO by Mitsui O.S.K. Lines, Ltd. (MOL). MOL has launched research and development (R&D) on the adoption of a large-scale liquefied CO2 carrier, in response to a call for proposals by Japan's New Energy and Industrial Technology Development Organization (NEDO) to complete the conceptual design, under a project en...

The Port of Heysham, part of leading port operator - Peel Ports Group, has reduced the carbon emissions of its landside plant, equipment and vehicles by up to 90%, in what is believed to be a first for any UK port. The port has confirmed all its vehicles, plant equipment, forklift trucks, tug masters and ancillary equipment are now operating on either electricity or Hydro-treated Vegetable Oil (HVO). Hydro-treated Vegetable Oil (HVO) While using 100% renewable electricity is the ultimate goal...

Yang Shaopeng, Chairman of the Board of Directors of SITC, and his party went to Haikou to visit Wu Hui, Secretary of the Party Group and Director of Hainan Maritime Safety Administration, and E Hailiang, Member of the Party Group and Deputy Director . Secretary Wu Hui welcomed the visit of SITC International and his delegation, and the two sides exchanged views on promoting and deepening relevant cooperation. Secretary Wu Hui said that SITC International has been operating steadily in rec...